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Foundation level · Management Accounting

Management Accounting · November 2016

Every objective and theory question in this paper, and the topic notes to revise each one.

3 questions1 objective2 theory3 topics to revise
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, November 2016

November 2016 diet

1 objective and 2 theory
1 objective2 theory
No.SectionMarksCovers
Q1Stores ledger cards under FIFO and weighted average, followed by gross profit under the weighted average method.
Q2Asks for a job cost sheet from given transactions (part a) and five items of information on a typical job cost sheet ...

Objective questions Section A

10
Objective question 10Section A

  • From the previous syllabus. Asks for the name of the point at which joint products are separated: the split-off point.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Joint products and by-products › Joint products
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, November 2016, Question 10

Theory questions Written questions

1
Theory question 1Written paper

  • Stores ledger cards under FIFO and weighted average, followed by gross profit under the weighted average method.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Inventory valuation: FIFO, LIFO and average cost › Worked example: a full question
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, November 2016, Question 1
2
Theory question 2Written paper

  • Asks for a job cost sheet from given transactions (part a) and five items of information on a typical job cost sheet (part d, 5 marks).

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Job costing and batch costing › Job costing
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, November 2016, Question 2
Source and reference. These questions come from the Institute of Chartered Accountants of Nigeria (ICAN) Pathfinder for the Foundation Level Examination, Management Accounting, November 2016. When you use them, please cite the source, for example: ICAN Pathfinder, Foundation Level Examination, Management Accounting, November 2016. Each question carries its own reference and a button to copy it.